Pakistan's "Business Record" reported on May 29, the news said that the Pakistani government plans to introduce fiscal and tax incentives for LED and other manufacturing industries in the 2016-2017 fiscal year.
According to the report, the manufacturing industry such as LED in the world is expected to grow by 45% annually by 2020, and the industry scale will increase from the current US$13.6 billion to US$63.1 billion. The LED lighting market in Pakistan is also growing rapidly, and it is imported in FY2014-15. About 100 million US dollars of LED lights. At present, Pakistan still has a huge potential for LED lighting replacement. By replacing the existing street lamps using incandescent lamps with LEDs, it can save about 1000 MW of electricity. At present, there are 4 LED manufacturers in Pakistan, which can supply 0.5W-500W LED lamps of various types and uses. However, the local LED industry in Pakistan is still developing slowly, and the potential is still not fully exerted. The main reason is the distortion of tax policy, LED production of imported raw materials. The cost of the lamp is higher than that of the direct import LED lamp. The import of raw materials requires a 20% tariff, a 17% sales tax, a 15% adjustment tax and a 5.5% income tax. Direct import of LED lights only requires a 20% tariff and A 17% sales tax, and LED lights with a working voltage below 60 volts enjoy an import duty-free policy.
The report pointed out that the Pakistani government will adjust the existing LED industry tax policy, rationally balance the taxation costs of imports and local production, and further promote the development of the LED industry.
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